| Disclosure of risk management [Text Block] | Risk management The principles and risk management policies, as well as tools and procedures established and implemented in the Group as of June 30, 2024 do not differ significantly from those included in Note 7 of the consolidated financial statements of the Group for the year ended December 31, 2023. Risk factors The BBVA Group has processes in place for identifying risks and analyzing scenarios in order to enable the Group to manage risks in a dynamic and proactive way. The risk identification processes are forward looking to seek the identification of emerging risks and take into account the concerns of both the business areas, which are close to the reality of the different geographical areas, and the corporate areas and senior management. Risks are identified and measured consistently using the methodologies deemed appropriate in each case. Their measurement includes the design and application of scenario analyses and stress testing and considers the controls to which the risks are subjected. As part of this process, a forward projection of the Risk Appetite Framework (hereinafter, "RAF") variables in stress scenarios is conducted in order to identify possible deviations from the established thresholds. If any such deviations are detected, measures are taken to seek to keep the variables within the target risk profile. In this context, there are a number of emerging risks that could affect the evolution of the Group’s business, including the below and those mentioned in Note 7.1 to the consolidated financial statements of the Group for the year ended December 31, 2023 : Macroeconomic and geopolitical risks The Group is sensitive to the deterioration of economic conditions, the alteration of the institutional environment of the countries in which it operates, and the Group is exposed to sovereign debt especially in Spain, Mexico and Turkey. The global economy is currently facing a number of extraordinary challenges. The war between Ukraine and Russia and the armed conflict in the Middle East have caused significant disruptions, instability and volatility in global markets, particularly in energy markets. Uncertainty about the future development of these conflicts is high. The main risk is that they could generate new supply shocks, pushing growth downward and inflation upward, and paving the way for macroeconomic and financial instability episodes. Geopolitical and economic risks have also increased in recent years as a result of trade tensions between the United States and China, Brexit, and the rise of populism, among other factors. Growing tensions may lead, among other things, to a deglobalization of the world economy, an increase in protectionism, a general reduction of international trade in goods and services and a reduction in the integration of financial markets. Moreover, some political events, such as the upcoming presidential elections in the United States and the recent elections in France, could be a source of tensions in the coming months. Any of these factors could materially and adversely affect the Group’s business, financial condition and results of operations. In the current context, one of the main risks is that inflation remains higher than expected, either due to new supply shocks, related for example to the previously mentioned geopolitical and political risks or climate events, or due to demand factors, caused by an excessively expansionary fiscal policy, the robustness of labor markets, or other factors. Significant inflationary pressures could lead to interest rates remaining higher than currently forecasted and could lead to a potential slowdown in economic growth as well as financial tensions. In recent years, the Group’s results of operations have been particularly affected by the increases in interest rates adopted by central banks in an attempt to tame inflation, contributing to the rise in both interest revenue and interest expenses. The persistence of high interest rates could adversely affect the Group by reducing the demand for credit and leading to an increase in the default rate of its borrowers and other counterparties. On the other hand, the process of reducing interest rates has already begun in many geographies. The ECB cut the interest rate of its deposit facility from 4.0% to 3.75% in June 2024 and more cuts are expected to be gradually announced in the future. In the United States, the Federal Reserve is expected to start a cautious monetary easing cycle during the second half of 2024. Moreover, the Group’s results of operations have been affected by inflation in all countries in which BBVA operates, especially Turkey and Argentina. Another global macroeconomic risk is the possibility of a sharp growth slowdown in China, which could lead to lower GDP expansion than currently expected in many geographies. Although it may be possible to offset, eventually, part of the expected growth slowdown through the adoption of certain fiscal, monetary and regulatory measures by the authorities, there are risks related to tensions in the real estate markets and the possible effects of the United States economic sanctions, among others. The Group is exposed, among others, to the following general risks with respect to the economic and institutional environment in the countries in which it operates: a deterioration in economic activity in the countries in which it operates, including recession scenarios; more persistent inflationary pressures, which could trigger a more severe tightening of monetary conditions; stagflation due to more intense or prolonged supply shocks; changes in exchange rates; an unfavorable evolution of the real estate market; a significant increase in oil and gas prices, which would have a negative impact on disposable income levels in areas that are net energy importers, such as Spain or Turkey, to which the Group is particularly exposed; changes in the institutional environment of the countries in which the Group operates, which could give rise to sudden and sharp drops in GDP and/or changes in regulatory or government policy, including in terms of exchange controls and restrictions on the distribution of dividends or the imposition of new taxes or charges; growth in the public debt or in the external deficit could lead to a downward revision of the credit ratings of the sovereign debt and even a possible default or restructuring of such debt; and episodes of volatility in the financial markets, which could cause significant losses for the Group. In particular, in Spain, political, regulatory and economic uncertainty has also increased since the July 2023 general elections; there is a risk that policies could have an adverse impact on the economy or the Group. There is also a risk that the impact on financial conditions of political tensions in other European countries, such as those observed after the recent elections in France, could to some extent affect Spain. In Mexico, there is high uncertainty on the policies that will be adopted following the June 2024 general elections, which has recently caused significant financial volatility. There is also the risk that the U.S. presidential election process may be a source of volatility in the Mexican markets. In Turkey, there are increasing signs of normalization in economic policy in general, and monetary policy in particular, since the general elections held in May 2023, which may lead to a gradual correction of the current distortions. Despite the gradual improvement of macroeconomic conditions, the situation remains relatively unstable, characterized by pressures on the Turkish lira, high inflation, a significant trade deficit, low central bank’s foreign reserves and high external financing costs. Continuing unfavorable economic conditions in Turkey may result in a potential deterioration in the purchasing power and creditworthiness of the clients of the Group (both individuals and corporations). In addition, official interest rates, the regulatory and macroprudential policies affecting the banking sector and the currency depreciation have affected and may continue to affect the Group’s results. In Argentina, the risk of economic and financial turbulence persists in a context in which the new government has substantially modified the economic policy framework and has focused its efforts on implementing strong fiscal and monetary adjustments to reduce inflation. Finally, in Colombia and Peru, climate factors, political tensions and greater social conflict could eventually have a negative impact on the economy. Any of these factors may have a significant adverse impact on the Group’s business, financial condition and results of operations. Regulatory and reputational risks Financial institutions are exposed to a complex and ever-changing regulatory environment defined by governments and regulators. Regulatory activity in recent years has affected multiple areas, including changes in accounting standards; strict regulation of capital, liquidity and remuneration; bank charges and taxes on financial transactions; regulations affecting mortgages, banking products and consumers and users; recovery and resolution measures; stress tests; prevention of money laundering and terrorist financing; market abuse; conduct in the financial markets; anti-corruption; and requirements as to the periodic publication of information. Governments, regulatory authorities and other institutions continually make proposals to strengthen the resistance of financial institutions to future crises. Further, there is an increasing focus on the climate-related financial risk management capabilities of banks. Any change in the Group’s business that is necessary to comply with any particular regulations at any given time, especially in Spain, Mexico or Turkey, could lead to a considerable loss of income, limit the Group’s ability to identify business opportunities, affect the valuation of its assets, force the Group to increase its prices and, therefore, reduce the demand for its products, impose additional costs on the Group or otherwise adversely affect its business, financial condition and results of operations. The financial sector is under ever closer scrutiny by regulators, governments and society itself. In the course of activities, situations which might cause relevant reputational damage to the Group could arise and might affect the regular course of business. New business and operational risks and legal risks New technologies and forms of customer relationships: Developments in the digital world and in information technologies pose significant challenges for financial institutions, entailing threats (new competitors, disintermediation, etc.) but also opportunities (new framework of relations with customers, greater ability to adapt to their needs, new products and distribution channels, etc.). Digital transformation is a priority for the Group as it aims to lead digital banking of the future as one of its objectives . Technological risks and security breaches: The Group is exposed to new threats such as cyber-attacks, theft of internal and customer databases, fraud in payment systems, etc. that require major investments in security from both the technological and human point of view. The Group gives great importance to the active operational and technological risk management and control. Any attack, failure or deficiency in the Group’s systems could, among other things, lead to the misappropriation of funds of the Group’s clients or the Group itself and the unauthorized disclosure, destruction or use of confidential information, as well as prevent the normal operation of the Group and impair its ability to provide services and carry out its internal management. In addition, any attack, failure or deficiency could result in the loss of customers and business opportunities, damage to computers and systems, violation of regulations regarding data protection and/or other regulations, exposure to litigation, fines, sanctions or interventions, loss of confidence in the Group’ s security measures, damage to its reputation, reimbursements and compensation, and additional regulatory compliance expenses and could have a significant adverse impact on the Group’ s business, financial condition and results of operations. Legal risks: The financial sector faces an environment of increasing regulatory and litigious pressure, and thus, the various Group entities are frequently party to individual or collective judicial proceedings (including class actions) resulting from their activity and operations, as well as arbitration proceedings. The Group is also party to government procedures and investigations, such as those carried out by the antitrust authorities in certain countries which, among other things, have in the past and could in the future result in sanctions, as well as lead to claims by customers and others. In addition, the regulatory framework in the jurisdictions in which the Group operates is evolving towards a supervisory approach more focused on the opening of sanctioning proceedings while some regulators are focusing their attention on consumer protection and behavioral risk. In Spain and in other jurisdictions where the Group operates, legal and regulatory actions and proceedings against financial institutions, prompted in part by certain judgments in favor of consumers handed down by national and supranational courts (with regards to matters such as credit cards and mortgage loans), have increased significantly in recent years and this trend could continue in the future. Legal and regulatory actions and proceedings faced by other financial institutions in relation to these and other matters, especially if such actions or proceedings result in favorable resolutions for the consumer, could also adversely affect the Group. All of the above may result in a significant increase in operating and compliance costs or even a reduction of revenues, and it is possible that an adverse outcome in any proceedings (depending on the amount thereof, the penalties imposed or the procedural or management costs for the Group) could damage the Group's reputation, generate a knock-on effect or otherwise adversely affect the Group. It is difficult to predict the outcome of legal and regulatory actions and proceedings, both those to which the Group is currently exposed and those that may arise in the future, including actions and proceedings relating to former Group subsidiaries or in respect of which the Group may have indemnification obligations. Any of such outcomes could be significantly adverse to the Group. In addition, a decision in any matter, whether against the Group or against another credit entity facing similar claims as those faced by the Group, could give rise to other claims against the Group. In addition, these actions and proceedings attract resources from the Group and may occupy a great deal of attention on part of the Group's management and employees. As of June 30, 2024, the Group had €773 million in provisions for the proceedings it is facing (included in the line "Provisions for taxes and other legal contingencies" in the consolidated balance sheet) (see Note 23), of which €612 million correspond to legal contingencies and €160 million to tax related matters. However, the uncertainty arising from these proceedings (including those for which no provisions have been made, either because it is not possible to estimate them or for other reasons) makes it impossible to guarantee that the possible losses arising from these proceedings will not exceed, where applicable, the amounts that the Group currently has provisioned and, therefore, could affect the Group's consolidated results in a given period. As a result of the above, legal and regulatory actions and proceedings currently faced by the Group or to which it may become subject in the future or which may otherwise affect the Group, whether individually or in the aggregate, if resolved in whole or in part adversely to the Group's interests, could have a material adverse effect on the Group’s business, financial condition and results of operations. Spanish judicial authorities are investigating the activities of Centro Exclusivo de Negocios y Transacciones, S.L. (“Cenyt”). Such investigation includes the provision of services by Cenyt to BBVA. On July 29, 2019, BBVA was named as an investigated party (investigado) in a criminal judicial investigation (Preliminary Proceeding No. 96/2017 – Piece No. 9, Central Investigating Court No. 6 of the National High Court) for alleged facts which could constitute bribery, revelation of secrets and corruption. Certain current and former officers and employees of the Group, as well as former directors, have also been named as investigated parties in connection with this investigation. Since the beginning of the investigation, BBVA has been proactively collaborating with the Spanish judicial authorities, including sharing with the courts information obtained in the internal investigation hired by the entity in 2019 to contribute to the clarification of the facts. By order of the Criminal Chamber of the National High Court, the pre-trial phase ended on January 29, 2024. On June 20, 2024, the Judge issued an order authorizing the continuation of abbreviated criminal proceedings against the Bank and certain current and former officers and employees of the Bank, as well as against some former directors, for alleged facts which could constitute bribery and revelation of secrets. I t is not possible at this time to predict the possible outcomes or implications for the Group of this matter, including any fines, damages or harm to the Group’s reputation caused thereby. Credit risk Credit risk arises from the probability that one party to a financial instrument will fail to meet its contractual obligations for reasons of insolvency or inability to pay and cause a financial loss for the other party. The general principles governing credit risk management in the BBVA Group, as well as the credit risk management in the Group as of June 30, 2024 do not differ significantly from those included in Note 7 of the consolidated financial statements of the Group for the year ended December 31, 2023. In accordance with IFRS 7 “Financial Instruments: Disclosures”, the BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of June 30, 2024 and December 31, 2023 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to ensure compliance with payment obligations. The details are broken down by category of financial instruments: Maximum credit risk exposure (Millions of Euros) Notes June Stage 1 Stage 2 Stage 3 Financial assets held for trading 90,638 Equity instruments 9 7,699 Debt securities 9 31,947 Loans and advances 9 50,992 Non-trading financial assets mandatorily at fair value through profit or loss 10,584 Equity instruments 10 9,646 Debt securities 10 653 Loans and advances 10 285 Financial assets designated at fair value through profit or loss 11 856 Derivatives (trading and hedging) 50,321 Financial assets at fair value through other comprehensive income 60,820 Equity instruments 12 1,382 Debt securities 59,413 56,944 2,448 21 Loans and advances to credit institutions 12 25 25 — — Financial assets at amortized cost 492,523 440,370 37,441 14,712 Debt securities 58,518 58,326 157 35 Loans and advances to central banks 7,367 7,367 — — Loans and advances to credit institutions 21,617 21,193 420 4 Loans and advances to customers 405,021 353,484 36,864 14,672 Total financial assets risk 705,742 Total loan commitments and financial guarantees 257,316 247,913 8,443 960 Loan commitments given 30 187,331 181,227 5,907 197 Financial guarantees given 30 20,464 19,466 785 214 Other commitments given 30 49,521 47,220 1,751 550 Total maximum credit exposure 963,058 Maximum credit risk exposure (Millions of Euros) Notes December Stage 1 Stage 2 Stage 3 Financial assets held for trading 106,749 Equity instruments 9 4,589 Debt securities 9 28,569 Loans and advances 9 73,590 Non-trading financial assets mandatorily at fair value through profit or loss 8,737 Equity instruments 10 7,963 Debt securities 10 484 Loans and advances 10 290 Financial assets designated at fair value through profit or loss 11 955 Derivatives (trading and hedging) 48,747 Financial assets at fair value through other comprehensive income 62,289 Equity instruments 12 1,217 Debt securities 61,047 60,255 771 21 Loans and advances to credit institutions 12 26 26 — — Financial assets at amortized cost 463,130 410,590 38,061 14,478 Debt securities 49,544 49,403 108 32 Loans and advances to central banks 7,176 7,176 — — Loans and advances to credit institutions 17,498 17,478 18 2 Loans and advances to customers 388,912 336,533 37,935 14,444 Total financial assets risk 690,606 Total loan commitments and financial guarantees 214,283 204,842 8,411 1,030 Loan commitments given 30 152,868 147,376 5,326 165 Financial guarantees given 30 18,839 17,612 998 229 Other commitments given 30 42,577 39,854 2,087 636 Total maximum credit exposure 904,889 The breakdown by geographical area and stage of the maximum credit risk exposure, the accumulated allowances recorded and the carrying amount of the loans and advances to customers at amortized cost as of June 30, 2024 and December 31, 2023 is shown below: June 2024 (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain ⁽¹⁾ 222,339 192,728 21,575 8,035 (4,518) (501) (606) (3,411) 217,821 192,227 20,970 4,625 Mexico 92,707 83,478 6,704 2,525 (3,037) (1,138) (597) (1,302) 89,671 82,340 6,108 1,223 Turkey ⁽²⁾ 43,816 38,287 3,775 1,754 (1,643) (179) (304) (1,160) 42,174 38,108 3,472 594 South America ⁽³⁾ 45,026 37,889 4,791 2,346 (2,010) (296) (349) (1,364) 43,016 37,593 4,442 982 Others 1,132 1,102 18 13 (11) — (1) (9) 1,122 1,101 17 4 Total ⁽⁴⁾ 405,021 353,484 36,864 14,672 (11,218) (2,115) (1,857) (7,246) 393,803 351,369 35,007 7,426 Of which: individual (1,562) (14) (390) (1,158) Of which: collective (9,656) (2,101) (1,466) (6,089) (1) Spain includes all the countries where BBVA, S.A. operates. (2) Turkey includes all the countries in which Garanti BBVA operates. (3) In South America, BBVA Group operates in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of June 30, 2024, the remaining balance was €122 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize. December 2023 (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain ⁽¹⁾ 214,522 183,503 22,953 8,066 (4,593) (503) (714) (3,375) 209,929 183,000 22,239 4,690 Mexico 91,086 81,619 6,995 2,472 (3,049) (1,097) (620) (1,332) 88,037 80,522 6,375 1,140 Turkey ⁽²⁾ 39,058 34,105 3,234 1,719 (1,641) (167) (314) (1,160) 37,416 33,938 2,920 559 South America ⁽³⁾ 43,151 36,237 4,738 2,176 (1,976) (319) (377) (1,280) 41,175 35,918 4,362 896 Others 1,094 1,069 15 11 (10) — (1) (8) 1,085 1,068 14 2 Total ⁽⁴⁾ 388,912 336,533 37,935 14,444 (11,269) (2,087) (2,026) (7,156) 377,643 334,446 35,909 7,287 Of which: individual (1,665) (15) (471) (1,179) Of which: collective (9,604) (2,072) (1,555) (5,977) (1) Spain includes all the countries where BBVA, S.A. operates. (2) Turkey includes all the countries in which Garanti BBVA operates. (3) In South America, the BBVA Group operates in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2023, the remaining balance was €142 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize. The breakdown by counterparty and product of the maximum credit risk exposure, the accumulated allowances recorded, as well as the carrying amount by type of product, classified in different headings of the assets as of June 30, 2024 and December 31, 2023 is shown below: June 2024 (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 9 — 57 2,739 1,596 4,402 4,566 Credit card debt — 1 — 3 1,958 22,574 24,536 26,232 Commercial debtors 815 95 766 24,576 101 26,353 26,568 Finance leases — 198 — 11 9,241 278 9,728 9,977 Reverse repurchase loans 287 — 8,548 65 — — 8,900 8,902 Other term loans 6,673 22,093 7,008 10,078 140,595 151,829 338,275 347,130 Advances that are not loans 396 205 5,978 3,047 879 374 10,879 10,941 LOANS AND ADVANCES 7,355 23,321 21,629 14,028 179,988 176,751 423,072 434,315 By secured loans Of which: mortgage loans collateralized by immovable property 256 — 699 26,938 97,719 125,612 128,382 Of which: other collateralized loans 286 6,721 7,319 496 10,972 2,491 28,284 28,550 By purpose of the loan Of which: credit for consumption 63,240 63,240 67,868 Of which: lending for house purchase 98,776 98,776 100,419 By subordination Of which: project finance loans 7,013 7,013 7,551 December 2023 (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 6 — 73 1,933 1,028 3,040 3,175 Credit card debt — 1 — 2 1,927 20,959 22,890 24,454 Commercial debtors 960 76 586 23,462 88 25,171 25,346 Finance leases — 225 — 12 8,940 285 9,463 9,714 Reverse repurchase loans 1,345 — 5,786 92 — — 7,223 7,234 Other term loans 4,878 21,662 5,329 9,300 134,024 147,491 322,683 331,813 Advances that are not loans 927 412 6,312 3,186 956 324 12,116 12,164 LOANS AND ADVANCES 7,151 23,265 17,502 13,251 171,241 170,175 402,586 413,901 By secured loans Of which: mortgage loans collateralized by immovable property 271 — 526 24,829 96,772 122,397 125,328 Of which: other collateralized loans 1,347 6,933 4,558 465 10,938 2,430 26,671 26,963 By purpose of the loan Of which: credit for consumption 59,892 59,892 64,303 Of which: lending for house purchase 97,555 97,555 99,224 By subordination Of which: project finance loans 7,181 7,181 7,743 The value of guarantees received as of June 30, 2024 and December 31, 2023, is as follows: Guarantees received (Millions of Euros) June December Value of collateral 140,616 136,141 Of which: guarantees normal risks under special monitoring 13,890 14,274 Of which: guarantees impaired risks 3,985 4,035 Value of other guarantees 55,952 53,462 Of which: guarantees normal risks under special monitoring 4,848 4,864 Of which: guarantees impaired risks 1,306 1,226 Total value of guarantees received 196,568 189,602 The breakdown of loans and advances, within the heading “Financial assets at amortized cost”, including their gross carrying amount, impaired loans and advances, and accumulated impairment, by counterparties as of June 30, 2024 and December 31, 2023, is as follows: June 2024 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 7,367 — (11) — % General governments 23,341 28 (20) 0.1 % Credit institutions 21,617 4 (14) — % Other financial corporations 14,052 12 (25) 0.1 % Non-financial corporations 183,914 5,524 (4,102) 3.0 % Households 183,713 9,109 (7,070) 5.0 % LOANS AND ADVANCES 434,005 14,677 (11,242) 3.4 % December 2023 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 7,176 — (25) — % General governments 23,294 25 (29) 0.1 % Credit institutions 17,498 2 (21) — % Other financial corporations 13,271 12 (20) 0.1 % Non-financial corporations 175,337 5,520 (4,274) 3.2 % Households 177,009 8,886 (6,946) 5.0 % LOANS AND ADVANCES 413,585 14,446 (11,316) 3.5 % The changes during the six months ended June 30, 2024, and the year ended December 31, 2023 of impaired financial assets (financial assets and guarantees given) are as follows: Changes in impaired financial assets and guarantees given (Millions of Euros) June December Balance at the beginning 15,362 14,521 Additions 6,114 11,066 Decreases ⁽¹⁾ (3,027) (5,795) Net additions 3,087 5,272 Amounts written-off (2,426) (3,770) Exchange differences and other (529) (660) Balance at the end 15,495 15,362 (1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment. As of June 30, 2024, the models for calculating expected losses used by the Group to prepare the attached Consolidated Financial Statements do not differ significantly from those detailed in Note 7 to the consolidated financial statements of the Group for the year ended December 31, 2023, except for the application of the new scenarios derived from the macroeconomic and geopolitical situation in the first half of 2024. BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following estimates for the next five years of the Gross Domestic Product (GDP) growth, of the unemployment rate and of the House Price Index (HPI), for the most relevant countries where it represents a significant factor, are determined by BBVA Research and have been used at the time of the calculation of the ECL as of June 30, 2024: Positive scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2024 2.90% 9.94% 2.07% 2.95% 2.77% 5.06% 5.00% 9.24% 2025 4.37% 8.72% 4.96% 4.68% 2.98% 5.29% 7.67% 9.50% 2026 6.23% 8.01% 7.38% 4.57% 2.89% 4.87% 6.97% 9.12% 2027 7.07% 7.54% 7.98% 4.29% 2.76% 5.10% 5.55% 9.20% 2028 6.93% 7.25% 7.40% 3.88% 2.65% 5.16% 5.13% 9.37% 2029 6.20% 7.18% 6.25% 3.64% 2.77% 5.38% 5.00% 9.52% Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2024 3.11% 7.02% (1.99)% 10.25% 2.65% 10.69% 2025 4.02% 6.73% 14.61% 8.09% 4.51% 10.64% 2026 4.13% 6.59% 15.37% 6.27% 4.74% 9.93% 2027 4.19% 6.47% 13.85% 4.98% 4.33% 9.20% 2028 3.77% 6.38% 12.85% 4.18% 4.29% 8.59% 2029 3.59% 6.29% 12.04% 3.79% 4.64% 8.01% Estimate of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2024 2.54% 11.35% 1.77% 2.50% 2.79% 5.03% 3.50% 9.40% 2025 2.08% 10.80% 2.34% 2.44% 3.15% 5.32% 3.47% 10.58% 2026 2.05% 10.28% 2.34% 2.58% 3.15% 4.43% 3.79% 10.80% 2027 1.93% 9.88% 1.92% 2.52% 3.06% 4.42% 3.45% 10.98% 2028 1.77% 9.58% 1.56% 2.21% 2.97% 4.32% 3.54% 11.00% 2029 1.65% 9.49% 1.39% 2.02% 3.08% 4.40% 3.53% 11.00% Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2024 2.88% 7.03% (3.99)% 10.38% 1.76% 10.79% 2025 2.74% 6.82% 6.02% 8.80% 2.83% 11.07% 2026 2.70% 6.77% 4.51% 7.55% 3.36% 10.56% 2027 2.88% 6.71% 3.45% 6.58% 3.05% 9.96% 2028 2.57% 6.66% 3.47% 5.85% 3.04% 9.46% 2029 2.46% 6.61% 3.51% 5.35% 3.41% 8.96% Negative scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2024 2.18% 12.76% 1.46% 2.11% 2.80% 5.02% 2.71% 9.49% 2025 0.01% 12.86% (0.04)% 0.69% 3.29% 5.32% 0.58% 11.25% 2026 (1.72)% 12.51% (2.08)% 0.89% 3.37% 4.10% 1.34% 11.98% 2027 (2.81)% 12.19% (3.48)% 1.03% 3.32% 3.85% 2.19% 12.20% 2028 (3.10)% 11.89% (3.76)% 0.75% 3.24% 3.62% 2.77% 12.04% 2029 (2.65)% 11.66% (3.04)% 0.57% 3.36% 3.58% 2.53% 11.93% Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2024 1.84% 7.08% (5.21)% 10.45% 0.71% 10.89% 2025 0.34% 7.03% 1.5 |
